Chinese tech firm aims for €31m Frankfurt IPO

Vange Software Group on Wednesday launched the first Chinese software IPO in Germany, aiming to raise €26m-€31m from an all-primary deal. The offer follows small transactions from two other Chinese firms this year, a seafood processor and a clothing firm.

06 Jun 2012

VEM Aktienbank is lead manager for the Entry Standard deal, which will see Vange sell up to 1m new shares for 26-31 each, representing as much 20% of the enlarged share capital. The two previous Chinese deals in Germany were both heavily scaled down in size, allowing the
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